Last Trading Session: Indian Stock Market opened positive for the day. EquityPandit predicted that we could see sharp positive movements in days to come and traders should go long at this point of time and exactly same happened. Nifty moved sharply positive for the day and traders, who followed EquityPandit’s advice to go long might have earned huge profits for the day. Sensex also saw strong resistance at EquityPandit’s predicted resistance levels of 28542 levels. Finally, Indian Stock Market closed positive for the day with some pressure in banking sector.

Today: Indian Stock Market to open 15-40 points positive. Technically, Indian Stock Market is still in positive trend and we would again see positive movements in days to come. Today, RBI policy would be disclosed and we expect some further rate cut. If it happens then BankNifty would see sharp positive movements else we may again see some profit booking in BankNifty. EquityPandit was the first Indian Equity Research Company to predict Nifty bottom of 8280 levels and EquityPandit already predicted that Nifty may see positive movment from there and same happened. Traders should go long at this point of time. FIIs were net buyers of Rs.936.81 crores whereas DIIs were net sellers of Rs.170.03 crores on last trading session. Nifty would see strong support at 8572-8524-8500 whereas strong resistance would be seen at 8732-8770-8822 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

NSE Nifty: (8660) The support for the Nifty is 8572-8524-8500  and the resistance to the up move is at 8732-8770-8822 levels.

NSE BankNifty: (18605) The support for BankNifty is at 18465-18400-18226 and the resistance to the up move is at 18934-19052-19177 levels.

BSE Sensex: (28504) The support for the Sensex is at 28374-28220-28106 and the resistance to the up move is at 28618-28839-28952 levels.

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